This university in New York is permanently tuition free!The retired professor gave 1 billion, a huge

Mondo Finance Updated on 2024-03-04

Tuition fees account for the largest proportion of the cost of studying abroad, and many students sharpen their heads in order to reduce the pressure on their families and compete for school scholarships.

If one day I suddenly learned,The school will waive the full tuition fee

How would you react?

A student at a school in New York received this"Pie from the sky".

2.On the 26th, Dr. Philip, a member of the Board of Directors of the Albert Einstein College of Medicine, announced that the College had received a historic gift from Ruth Gottsmann$1 billion

With this donation, the College will:Full refund of tuition for all fourth-year students for the Spring 2024 semesterAnd starting in August of this year, all students enrolled in the Albert Einstein College of Medicine will not have to pay a penny in tuition.

Ruth personally announced the news to the students, and the auditorium was filled with applause and cheers, and the students stood up from their seats to applaud and cheer, and some were so excited that they wept.

A survey by the Association of American Medical Colleges said last year that among medical students graduating that year, the nationof people are saddled with a certain degree of student debt.

Whereas the Einstein College of Medicine has an annual tuition fee of more than $5$90,000,Nearly 50 percent of students graduate with more than $200,000 in debt, which is much higher than any other medical school in New York City.

The $1 billion donation immediately made Einstein College students one of the least financially burdened in the country.

That's exactly what Ruth wanted, she thoughtLet medical students start their careers without debt, so that more people who cannot afford tuition fees can also study medicine.

In addition to the former professor and long-time board member of the Einstein Institute, 93-year-old Ruth Gottsmann has another identity - an American billionaireDavid Gottsmanwidow.

David Gottsman is a protégé of Warren Buffett, who invested in Berkshire, founded by Warren Buffett in the early days, and holds 6,402 Berkshire Class A shares, accounting for 1% of the total sharesThe second largest individual shareholder after Warren Buffett

In 2022, David passed away at the age of 96. According to Forbes magazine, David's net worth reached $3 billion at the time of his deathDonate more than 3 to charity in your lifetime$300 million

And Ruth didn't know the specific scale of her husband's assets, and later accidentally discovered that David would beBerkshire Hathaway**All left to her.

David's only will was: "Do whatever you think right with it." ”

Almost without hesitation, Ruth chose to donate her husband's entire estate to the Albert Einstein College of Medicine.

Not only is this one of the largest donations ever received by an educational institution in the United States, but it is also the highest endowment for medical schools in the nation. The promotion of medicine in New York should not be underestimated.

Albert Einstein College of Medicine was not the first medical school to be tuition-free. In 2018, the NYU School of Medicine announced that it had raised enough moneyFor all students (over 400 students in total), 5$50,000 full scholarship.

I believe that with the efforts of all walks of life, more medical schools will strive to reduce the financial burden of students and promote the progress of medicine in the world!

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